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Digital Services

EDP and EDP+

Digital alternatives to traditional cheques and cashier's orders.

What is EDP/EDP+?

EDP/EDP+ are two new e-payment solutions which can be used to make deferred payments in place of cheques and cashier’s orders. It allows you as a payer (sender) to issue deferred payments, which are processed only when the payee (receiver) presents them online, just like how cheques are presented in person at branches.

It is a new addition to current digital payments such as PayNow, FAST, GIRO and MEPS+.

EDP/EDP+ service is available on Maybank Business Internet Banking.

The key difference between EDP/EDP+ lies in when funds are deducted from the payer's account:

  • EDP: Funds are deducted from the payer's account only when payee presents the EDP.
  • EDP+: Funds are deducted immediately from the payer's account upon issuance of the EDP+. This reduces the risk of non-payment due to insufficient funds in the payer's account

Select the option that best fits your payment needs, for use cases such as below:

  • Making payments to other companies or suppliers
  • Deposit for project tenders
  • Deposit for property purchases

How is EDP/EDP+ useful for your business?

As a digital payment, EDP/EDP+ offers range of benefits to your business:

  • Improved efficiency
    • Shorter processing and turnaround time
    • Simplified reconciliation process for accurate record-keeping
  • Reduced administrative costs
    • Minimal paperwork, and reduced other manual process to track and reconcile
  • Greater convenience
    • Present or issue EDP & EDP+ digitally, available 24/7 including Public Holidays and weekends
  • Greater control
    • Real time tracking of payment status
    • Clear visibility of when and why a payment was made, from whom and to whom
    • Receive timely alerts when EDP/EDP+ is issued or presented
  • Sustainability
    • Eliminates the need for paper cheques

Can I continue using cheques instead of EDP/EDP+?

The other digital payment services such as PayNow, FAST, GIRO and MEPS+ will continue to be available for your convenience. With the addition of EDP/EDP+, we aim to better serve you and your business' growing banking needs.

Do I need to sign up?

EDP/EDP+ is available to all users of Maybank Business Internet Banking.

If you have setup Maybank Business Internet Banking, refer to the step-by-step guide below.

If you have yet to setup Maybank Business Internet Banking, refer to this page here.

How to present or issue EDP/EDP+?

Present EDP/EDP+: Receive payment

  • On Business Internet Banking, go to 'Transfers & Payment' > 'Payments via EDP/EDP+' > then select 'New EDP/EDP+'
  • Choose 'New Payee' or select a payee from your payee list
  • Enter necessary transaction details
  • Choose EDP or EDP+ as the payment type
    • For EDP, you can set an effective date up to 6 months in advance
    • For EDP+, the effective date is fixed and cannot be changed
  • Review and authorise transaction when prompted
  • To save the payee for future payments, click 'Add' on the confirmation page

Please maintain a sufficient balance in your account from the effective date until the EDP is presented, to avoid unsuccessful presentment.

Fees and charges

Waived till 31 December 2025 (includes Issuance, Presentment, Cancellation of EDP/EDP+)

Other Information